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8A, Craig Place, Aberdeen, AB119AH - Image 1
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8A, Craig Place, Aberdeen, AB119AH

Scotland

£24,000

Listed on 28/05/2026

Property Details

Bedrooms
1
Type
Ground Flat

Description

This ground floor flat, located within a tenement building in the Torry area of Aberdeen, presents a prime opportunity for investors looking to capitalize on the strong rental market driven by nearby universities and healthcare facilities. The property features a welcoming hall, a spacious living room, a functional kitchen, a double bedroom, and a shower room. While it is currently in need of some internal upgrades, its existing enhancements such as electric heating and part double glazing contribute to its potential appeal. With an estimated rental yield of approximately 25% based on the starting bid price and potential monthly income of £500, this flat is positioned well for lucrative rental returns. The communal spaces are well maintained, further adding to its attractiveness in an area known for high tenant demand due to its proximity to city center amenities including shops and parks. This flat offers an excellent entry point into the rental market with promising prospects for appreciation following renovation.

Investment Analysis

(AB11 area)
Area Average
£144/sq ft
Avg Rent (weekly)
£152
Avg Yield
9.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£8,000 - £12,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
156%
Properties sold annually

Local Market Trend (AB11)

Area prices are falling by -15.5% over the last 12 months
3 year growth: -19.0%
5 year growth: -26.1%
Investment Disclaimer: Analysis based on AB11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

8A, Craig Place, Aberdeen, AB119AH
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£86
Based on a loan of £18,000 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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